NRGD.TO vs. QQCL.TO
NRGD.TO (BetaPro S&P/TSX Capped Energy -2x Daily Bear ETF) and QQCL.TO (Global X Enhanced NASDAQ-100 Covered Call ETF) are both exchange-traded funds - NRGD.TO is a Inverse Equities fund actively managed by Global X, while QQCL.TO is a Nasdaq-100 fund actively managed by Global X. Both are actively managed. Over the past year, NRGD.TO returned -58.41% vs 42.71% for QQCL.TO. At a correlation of -0.06, they often move in opposite directions.
Performance
NRGD.TO vs. QQCL.TO - Performance Comparison
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Returns By Period
In the year-to-date period, NRGD.TO achieves a -42.79% return, which is significantly lower than QQCL.TO's 24.17% return.
NRGD.TO
- 1D
- 0.67%
- 1M
- 15.82%
- YTD
- -42.79%
- 6M
- -42.42%
- 1Y
- -58.41%
- 3Y*
- -39.90%
- 5Y*
- -47.73%
- 10Y*
- -39.76%
QQCL.TO
- 1D
- 1.94%
- 1M
- 4.61%
- YTD
- 24.17%
- 6M
- 23.29%
- 1Y
- 42.71%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NRGD.TO vs. QQCL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NRGD.TO BetaPro S&P/TSX Capped Energy -2x Daily Bear ETF | -42.79% | -37.02% | -26.44% | 17.98% |
QQCL.TO Global X Enhanced NASDAQ-100 Covered Call ETF | 24.17% | 13.10% | 41.38% | 4.96% |
Correlation
The correlation between NRGD.TO and QQCL.TO is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2023 | -0.06 |
The correlation between NRGD.TO and QQCL.TO shifts across timeframes, from -0.06 (all time) to 0.10 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
NRGD.TO vs. QQCL.TO — Risk / Return Rank
NRGD.TO
QQCL.TO
NRGD.TO vs. QQCL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BetaPro S&P/TSX Capped Energy -2x Daily Bear ETF (NRGD.TO) and Global X Enhanced NASDAQ-100 Covered Call ETF (QQCL.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NRGD.TO | QQCL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.65 | ||
| Sortino ratioReturn per unit of downside risk | -5.44 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 1.43 | -0.66 |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | 4.01 | -4.84 |
| Martin ratioReturn relative to average drawdown | -1.38 | 14.50 | -15.88 |
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Drawdowns
NRGD.TO vs. QQCL.TO - Drawdown Comparison
The maximum NRGD.TO drawdown since its inception was -99.97%, which is greater than QQCL.TO's maximum drawdown of -25.63%. Use the drawdown chart below to compare losses from any high point for NRGD.TO and QQCL.TO.
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Drawdown Indicators
| NRGD.TO | QQCL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.97% | -25.63% | -74.34% |
Max Drawdown (1Y)Largest decline over 1 year | -70.42% | -10.70% | -59.72% |
Max Drawdown (3Y)Largest decline over 3 years | -85.00% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -98.12% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -99.92% | — | — |
Current DrawdownCurrent decline from peak | -99.95% | 0.00% | -99.95% |
Average DrawdownAverage peak-to-trough decline | -87.60% | -3.29% | -84.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 42.26% | 2.95% | +39.31% |
Volatility
NRGD.TO vs. QQCL.TO - Volatility Comparison
BetaPro S&P/TSX Capped Energy -2x Daily Bear ETF (NRGD.TO) has a higher volatility of 16.23% compared to Global X Enhanced NASDAQ-100 Covered Call ETF (QQCL.TO) at 9.02%. This indicates that NRGD.TO's price experiences larger fluctuations and is considered to be riskier than QQCL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NRGD.TO | QQCL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.23% | 9.02% | +7.21% |
Volatility (6M)Calculated over the trailing 6-month period | 39.50% | 14.94% | +24.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.97% | 17.85% | +29.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.37% | 20.77% | +36.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 67.11% | 20.77% | +46.34% |
Dividends
NRGD.TO vs. QQCL.TO - Dividend Comparison
NRGD.TO has not paid dividends to shareholders, while QQCL.TO's dividend yield for the trailing twelve months is around 12.99%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
NRGD.TO BetaPro S&P/TSX Capped Energy -2x Daily Bear ETF | 0.00% | 0.00% | 0.00% | 0.00% |
QQCL.TO Global X Enhanced NASDAQ-100 Covered Call ETF | 12.99% | 14.54% | 11.87% | 3.68% |
Frequently Asked Questions
NRGD.TO and QQCL.TO have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NRGD.TO is categorized as Inverse Equities, while QQCL.TO is Nasdaq-100.
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